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2 Anchorage Bay San Antonio, TX 78239

3 Beds 3 Baths 1,691 sqft Built 2004

$186,900

List Price

$1,450

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 26, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2004
  • Price/Sqft : $110.53
  • 3 Days on Market
  • MLS # : 1511146
  • Updated Date : 02/27/2021 at 15:01
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,691 sqft
  • Baths : 2 full , 1 half
Listing Agent

Global Realty Group

Listing Agent's Description

Owners take pride in this Move-In Ready Home! If your Buyers want a low maintenance house, here it is, FENCE REPLACED 2020, ROOF REPLACED 2017, EXTERIOR PAINT 2020, AC REPLACED 2019. Open Floor Plan, large size secondary bedrooms , double vanity in Master Bath, walk in closet in Master Bedroom, Covered Patio in Backyard, Large Shed in Backyard Conveys, Refrigerator Conveys. THE WASHER/DRYER, SMALL FREEZER IN KITCHEN, AND SECURITY CAMERAS/SECURITY SYSTEM DO NOT CONVEY. Corner lot, Quick Access to I-35 and Loop 1604, Close to Randolph AFB and Fort Sam Houston. This house will not last, thank you for Showing.

SEE MORE

MARKET HIGHLIGHTS

  • The metro employment growth is at 2.3 per cent and predicted to be at 2.2% in 2019 (USMayors.org, 2018)
  • San Antonio metro has 60.7 percent labor force participation rate (USMayors.org, 2018)
  • The metro contributes to 7.2 percent of Texas state economy i.e. Gross State Product (USMayors.org, 2018)
  • San Antonio metro economy is worth $130 billion in Gross Metro Product and projected to grow to $136 billion in 2019 (USMayors.org, 2018)
  • Five Fortune 500 companies are headquartered in San Antonio: Valero Energy; Tesoro; United Services Automobile Association (USAA); CST Brands; and iHeart Media (Formerly CC Media Holdings).

PRICE & RENT TRENDS

Neighborhood: East San Antonio

ZipNIR Market*CityMarket2010Year2000201970k80k90k100k110k120k130k140k150k160k170k180k190k200kPrice in $67k204k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Neighborhood: East San Antonio

NeighborhoodNIR Market*CityMarket2010Year20002019 Q270080090010001100120013001400Rent in $6791456

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
Windcrest Elementary School Primary Regular 665 45 3
White Middle School Middle Regular 875 67 4
Roosevelt High School High Regular 2,916 186 4

Windcrest Elementary School

  • Education Level: Primary
  • # of students: 665
  • # of teachers: 45
3
GreatSchools Rating

White Middle School

  • Education Level: Middle
  • # of students: 875
  • # of teachers: 67
4
GreatSchools Rating

Roosevelt High School

  • Education Level: High
  • # of students: 2,916
  • # of teachers: 186
4
GreatSchools Rating
 

$168,210$205,590$186,900

PURCHASE PRICE

$1,305$1,595$1,450

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,450
EXPENSES Loan Payment -$649
Property Tax -$417
Property Insurance -$125
HOA -$46
Property Management Fees -$99
CASH FLOW
$114

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 18% of earned rent to cover both maintenance and periods of vacancy.

$186,900

PROJECTED PRICE

$1,450

PROJECTED RENT

0.78%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.31%
Appreciation Year (1-5) 6.2%
Maintenance Year (1-5) 8.00%
Vacancy 9.54%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$100k$200k$300k$400k$500k$600k

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$55,279

INVESTMENT

$55,279

Down Payment
$46,725
Rehab Estimate
$5,750
Closing Costs
$2,804

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$649

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $46,725
Loan Amount $140,175
See What Happens When You Reinvest Cash Flow

5.08

YEARS SAVED

$9,849

INTEREST SAVED

CASH FLOW REINVESTMENT

The time & interest saved by applying each month's positive cash flow towards loan principal pay down.

  • $1,450

    LIST RENT
  • $0.86

    LIST RENT PER SQFT
  • $1,450

    COMP ESTIMATED VALUE
  • $0.86

    COMP AVG. RENT PER SQFT
Comps Range
$1,375
1$1,3752$1,4253$1,4504$1,4505$1,475
$1,475
RENT COMPS ANALYSIS
  • 2 Anchorage Bay San Antonio, TX 4
    • 3 beds 3 baths ∙ 1,691 Sqft ∙ Built 2004 3 beds 3 baths ∙ 1,691 Sqft ∙ Built 2004
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.86
    •  
  • 15 Beacon Oak San Antonio, TX 1
    • 3 beds 3 baths ∙ 1,627 Sqft ∙ Built 2003 3 beds 3 baths ∙ 1,627 Sqft ∙ Built 2003
    LEASED 01/27/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,375
    • $0.85
    •  
  • 10 Basin Elm San Antonio, TX 2
    • 3 beds 3 baths ∙ 1,680 Sqft ∙ Built 2004 3 beds 3 baths ∙ 1,680 Sqft ∙ Built 2004
    LEASED 01/13/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,425
    • $0.85
    •  
  • 98 Beacon Bay San Antonio, TX 3
    • 3 beds 3 baths ∙ 1,807 Sqft ∙ Built 2003 3 beds 3 baths ∙ 1,807 Sqft ∙ Built 2003
    LEASED 02/10/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.80
    •  
  • 18 Anchorage Bay San Antonio, TX 5
    • 3 beds 3 baths ∙ 1,585 Sqft ∙ Built 2003 3 beds 3 baths ∙ 1,585 Sqft ∙ Built 2003
    LEASED 10/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,475
    • $0.93
    •  
PROPERTY LISTING DETAILS
Anthony Galvez
1.210.373.2017
Global Realty Group
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
San Antonio Board of Realtors ( SABOR)
MLS #: 1511146
Last Updated: 02/27/2021
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